The stock of AEP Industries (NASDAQ:AEPI) reached all time high today, Nov, 29 and still has $127.12 target or 8.00% above today’s $117.70 share price. This indicates more upside for the $599.25M company. This technical setup was reported by Barchart.com. If the $127.12 PT is reached, the company will be worth $47.94M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 40,895 shares traded hands or 16.19% up from the average. AEP Industries (NASDAQ:AEPI) has risen 72.99% since April 26, 2016 and is uptrending. It has outperformed by 67.73% the S&P500.

According to Zacks Investment Research, “AEP Industries Inc. is a manufacturer of plastic packaging films. They manufacture both commodity films, which are made to general specifications, and specialty films, which are made to customer specifications. The films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, construction, agriculture and textile industries.”

Insider Transactions: Since September 22, 2016, the stock had 0 buys, and 1 insider sale for $14.47 million net activity. On Thursday, September 22 the insider KSA CAPITAL MANAGEMENT – LLC sold $14.47 million.

More notable recent AEP Industries (NASDAQ:AEPI) news were published by: Reuters.com which released: “Berry Plastics to buy AEP Industries to expand in North America” on August 25, 2016, also Prnewswire.com with their article: “AEP Industries Inc. Reports Fiscal 2016 Third Quarter and Year-to-Date Results” published on September 09, 2016, Prnewswire.com published: “AEP Industries Inc. Names John Powers President And Chief Operating Officer” on November 05, 2015. More interesting news about AEP Industries (NASDAQ:AEPI) were released by: Fool.com and their article: “Why Walgreens Boots Alliance, Axiall, and AEP Industries Jumped Today” published on June 10, 2016 as well as Stltoday.com‘s news article titled: “Berry Plastics to buy AEP Industries” with publication date: August 25, 2016.

AEPI Company Profile

AEP Industries Inc., incorporated on November 13, 1985, is a maker of plastic packaging films in North America. The Firm is engaged in the production, manufacture and distribution of polyethylene and polyvinyl chloride flexible plastic packaging products for the food/beverage, industrial and agricultural markets. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, and construction, agriculture and textile industries. The Company’s products include custom films, stretch (pallet) wrap, food contact, PROformance films, canliners, printed and converted films, and other products and specialty films. It makes plastic films, principally from resins blended with other raw materials, which it either sells or further processes by printing, laminating, slitting or converting. It makes both industrial grade products and specialty products. The Firm operates in the United States and Canada.